Cambiar Investors LLC Has $9.96 Million Holdings in Equinor ASA (NYSE:EQNR)

Cambiar Investors LLC reduced its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,512 shares of the company's stock after selling 144,890 shares during the quarter. Cambiar Investors LLC's holdings in Equinor ASA were worth $9,962,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EQNR. Reston Wealth Management LLC acquired a new position in Equinor ASA during the third quarter worth $31,000. Synergy Asset Management LLC purchased a new position in Equinor ASA in the 4th quarter valued at about $36,000. R Squared Ltd acquired a new stake in Equinor ASA in the 4th quarter worth about $48,000. Brooklyn Investment Group purchased a new stake in Equinor ASA during the 4th quarter worth approximately $61,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock worth $122,000 after buying an additional 543 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank of Canada reiterated a "sector perform" rating on shares of Equinor ASA in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. Nordea Equity Research raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Morgan Stanley upgraded shares of Equinor ASA from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.45.

Equinor ASA Trading Up 0.7 %

Shares of Equinor ASA stock traded up $0.17 during trading hours on Tuesday, hitting $24.72. The company's stock had a trading volume of 7,190,297 shares, compared to its average volume of 4,381,304. The business has a fifty day moving average of $23.94 and a 200 day moving average of $24.80. The company has a market capitalization of $69.03 billion, a PE ratio of 7.95, a P/E/G ratio of 1.27 and a beta of 0.83. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, equities analysts forecast that Equinor ASA will post 3.38 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA's dividend payout ratio (DPR) is 37.62%.

Equinor ASA Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.